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Re: Get Federal Government Small & Medium Enterprise (SME) Certificate now by Queenttoast01: 10:58am On Jun 27, 2022 |
Queenttoast01: iii.Conditions/Terms applicable: The mark up/profit rate applicable on all financing, under this programme, shall not exceed single digit per annum. |
Re: Get Federal Government Small & Medium Enterprise (SME) Certificate now by Queenttoast01: 10:59am On Jun 27, 2022 |
Queenttoast01: The financing tenor is for a maximum period of 30 months, effective from the date of first disbursement. |
Re: Get Federal Government Small & Medium Enterprise (SME) Certificate now by Queenttoast01: 11:01am On Jun 27, 2022 |
Queenttoast01: This is inclusive of moratorium (which may vary between 3 - 6 months, depending on the type of enterprise). |
Re: Get Federal Government Small & Medium Enterprise (SME) Certificate now by Queenttoast01: 11:02am On Jun 27, 2022 |
Queenttoast01: Beneficiaries must complete a finance application form, sign all necessary documents with Jaiz Bank Plc, and shall also bear cost of all approved charges (i.e. Application fee of N5,000.00 and N5,000.00 for cost of conducting credit search on beneficiaries on at least two (2) Credit Bureau sites for processing facilities which is in line with the CBN regulatory provisions and RTGS transfer charges. |
Re: Get Federal Government Small & Medium Enterprise (SME) Certificate now by Queenttoast01: 11:02am On Jun 27, 2022 |
Queenttoast01: These total N10,000.00 for both fees). The mandatory Agricultural Insurance cover by NAIC and also the key man Takaful insurance by a reputable Takaful company applies to all beneficiaries over the project life. |
Re: Get Federal Government Small & Medium Enterprise (SME) Certificate now by Queenttoast01: 11:03am On Jun 27, 2022 |
Queenttoast01: iv. Applicable Security: In line with the conditions/provisions of this programme, processing of this facility will require fulfilment and provision of the following: |
Re: Get Federal Government Small & Medium Enterprise (SME) Certificate now by Queenttoast01: 11:03am On Jun 27, 2022 |
Queenttoast01: a. Provide Bank Verification Number (BVN). b. Execute Global Standing Instruction (GSI) order. c. NIRSAL Credit Guaranty Cover. |
Re: Get Federal Government Small & Medium Enterprise (SME) Certificate now by Queenttoast01: 11:06am On Jun 27, 2022 |
Queenttoast01: d. A moveable asset to be registered under the National Collateral Registry (NCR), in line with CBN policy for facility/financing above N500,000.00. |
Re: Get Federal Government Small & Medium Enterprise (SME) Certificate now by Queenttoast01: 11:07am On Jun 27, 2022 |
Queenttoast01: e. Key man risk Takaful insurance cover. |
Re: Get Federal Government Small & Medium Enterprise (SME) Certificate now by Queenttoast01: 11:10am On Jun 27, 2022 |
Queenttoast01: 3. PROGRAMME IMPLEMENTATION MODALITIES To facilitate inclusiveness and transparency, under the programme, thehereunder are the approved, step-wise, implementation modalities for all applicants. |
Re: Get Federal Government Small & Medium Enterprise (SME) Certificate now by Queenttoast01: 11:11am On Jun 27, 2022 |
Queenttoast01: i. Portal Opening: This shall be done via a public notice placed in selected national dallies to invite all suitably qualified MSEs to apply by clicking the icon jaizbank/smedanmatchingfundprogramme on the SMEDAN website (www.smedan.gov.ng). Once migrated to the smecredits portal, pre-qualification of applicants shall commence. |
Re: Get Federal Government Small & Medium Enterprise (SME) Certificate now by Queenttoast01: 11:12am On Jun 27, 2022 |
Queenttoast01: ii. Pre-qualification of Applicants: This takes the form of soliciting binary (i.e. Yes/No) responses to a number of fields to confirm the applicant’s suitability for the facility. |
Re: Get Federal Government Small & Medium Enterprise (SME) Certificate now by Queenttoast01: 11:13am On Jun 27, 2022 |
Queenttoast01: Disqualified applicants cannot proceed beyond this stage. |
Re: Get Federal Government Small & Medium Enterprise (SME) Certificate now by Queenttoast01: 11:14am On Jun 27, 2022 |
Queenttoast01: iii. Business Plans Submission: To continue, pre-qualified applicants shall be required to pay a processing fee of ten thousand (N10,000.00) naira for the Business Plan template on the platform (Note that a separate training fee is not required). |
Re: Get Federal Government Small & Medium Enterprise (SME) Certificate now by Queenttoast01: 11:14am On Jun 27, 2022 |
Queenttoast01: Also, note that a number of Business Plan slots shall be allocated to each participating state. |
Re: Get Federal Government Small & Medium Enterprise (SME) Certificate now by Queenttoast01: 11:15am On Jun 27, 2022 |
Queenttoast01: Consequently, entries for such state shall cease when the required number is met. |
Re: Get Federal Government Small & Medium Enterprise (SME) Certificate now by Queenttoast01: 11:15am On Jun 27, 2022 |
Queenttoast01: iv. Business Plans Evaluation It shall be the responsibility of SMEDAN, using approved in-house criteria, to shortlist business plans for field validation. |
Re: Get Federal Government Small & Medium Enterprise (SME) Certificate now by Queenttoast01: 11:19am On Jun 27, 2022 |
Queenttoast01: Such criteria shall include the following, bankability of business plans; equitable distribution of prospective beneficiaries; gender balance. |
Re: Get Federal Government Small & Medium Enterprise (SME) Certificate now by Queenttoast01: 11:19am On Jun 27, 2022 |
Queenttoast01: v. Field Validation Visits/Referral to Jaiz Bank: Field visits shall be carried out to all shortlisted MSEs, from the preceding stage. |
Re: Get Federal Government Small & Medium Enterprise (SME) Certificate now by Queenttoast01: 11:20am On Jun 27, 2022 |
Queenttoast01: Validated MSEs from this process shall then be referred to Jaiz Bank. |
Re: Get Federal Government Small & Medium Enterprise (SME) Certificate now by Queenttoast01: 11:21am On Jun 27, 2022 |
Queenttoast01: vi. Due Process/Confirmation of Final Beneficiaries: This shall be based on Jaiz Bank Plc Financing Risk Assets Acceptance Criteria (RAAC), as suitably modified for this programme. |
Re: Get Federal Government Small & Medium Enterprise (SME) Certificate now by Queenttoast01: 11:21am On Jun 27, 2022 |
Queenttoast01: Jaiz Bank Plc shall thereafter inform all successful applicants, with guidance on next steps. |
Re: Get Federal Government Small & Medium Enterprise (SME) Certificate now by Queenttoast01: 11:22am On Jun 27, 2022 |
Queenttoast01: vii. Refresher Training of Selected Beneficiaries: All selected beneficiaries shall receive refresher entrepreneurship training, at no extra cost, by SMEDAN, as a condition to draw-down. |
Re: Get Federal Government Small & Medium Enterprise (SME) Certificate now by Queenttoast01: 11:29am On Jun 27, 2022 |
Queenttoast01: viii. Opening of Bank Accounts: All successful applicants shall open (and operate) accounts with the Jaiz Bank Plc branch nearest to their project location. |
Re: Get Federal Government Small & Medium Enterprise (SME) Certificate now by Queenttoast01: 11:29am On Jun 27, 2022 |
Queenttoast01: The required 10% lien deposit shall thereafter be paid into their accounts by SMEDAN, prior to draw-down. |
Re: Get Federal Government Small & Medium Enterprise (SME) Certificate now by Queenttoast01: 11:30am On Jun 27, 2022 |
Queenttoast01: ix.Financing Disbursement/On-field Repayment and Advisory Services: Finance disbursement shall be by Jaiz Bank Plc in line with its non-interest model of financing, and shall also commence recovery at the end of the advised moratorium. |
Re: Get Federal Government Small & Medium Enterprise (SME) Certificate now by Queenttoast01: 11:31am On Jun 27, 2022 |
Queenttoast01: SME, on its part, shall carry out quarterly advisory visits to beneficiaries, during this period. |
Re: Get Federal Government Small & Medium Enterprise (SME) Certificate now by Queenttoast01: 11:32am On Jun 27, 2022 |
Queenttoast01: Small and Medium Enterprises Development Agency of Nigeria, Jaiz Bank Plc, Kano House,Ralph Shodeinde Str. CBD, Abuja. |
Re: Get Federal Government Small & Medium Enterprise (SME) Certificate now by Queenttoast01: 11:34am On Jun 27, 2022 |
Queenttoast01: www.jaizbankplc.com Email: info@jaizbankplc.com |
Re: Get Federal Government Small & Medium Enterprise (SME) Certificate now by Queenttoast01: 11:34am On Jun 27, 2022 |
Queenttoast01: ..FOR A BETTER LIFE CALL FOR PARTICIATION: The joint programme partners – Jaiz Bank Plc and Small and Medium Enterprises of Nigeria. |
Re: Get Federal Government Small & Medium Enterprise (SME) Certificate now by Queenttoast01: 9:14pm On Jun 27, 2022 |
Seeing the above opportunities opening to SME business owners, you would agree with me that having a small scale business thriving in Nigeria can take more than just hardwork but with needful funding and support. |
Re: Get Federal Government Small & Medium Enterprise (SME) Certificate now by Queenttoast01: 9:15pm On Jun 27, 2022 |
Especially if your business line is not in the fast moving consumable goods with a brand & business recognition. |
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